The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-07-11

HONEY 8 10 8 PEP CENT, NEW
= YORK EXCHANGE I.S PREM.
Cotton Qpiet-Middlipg Cotton, 10sc
Sales To-day rs
Bales.
APPEAL OYpTCu,

SATURDAY EVENING, July 3. 1887.
The bank rate for money Is unchanged
tto per cent, the outside figure ruling.
Dizziness prevailed tody at the stock call
board, the bids aad off rings being far apart
and no salei registered The local cotton
arke. was quist and unchanged, with sales
ef75 bales. At New Orleans spots declined
l-l6c, and futures we're Of 70 7 points.
The frs insurance business Of the Mem
phis City Fire Insurance Cempsny has been
sold to tn, North British and Mercantile In
suranee Company, Of which Mes'rs. Nelson
Il Raine are the local agents. The good will
sftte co pany goes wi b the business.
A LEADING New York cotton circular OF
date the 9th, says OF the future market; ut
was small and uneventful market today
with the tone on the whole rather easy, clos
ing about steady"
The general trade Is steady. Breadstufs
and pr visions are frmer and the grocery
market Is firm. Coffee still remains high
and firm The Rio Janeiro Ne,cs. ofJuno 5th,
says: "As we had prophesied, the available
stock Of coffee ia Rio has bees systematicsl-
by undersstiInated. On the morning Of the
18th ult. our coffee bro ters reported that the
stock was IS. 90 bags; GA the morning OF the
26th these came brokers' discover that our
stock should DO increased bS $4,000 bags re-
sales from exporters to dealers. Now,it is per.
fectly clear that II within twenty-four hours
so important d qu nifty as 5000 bags may
be added to stock. there can DO no limits to
future additions to 1t. When urtber sales
again reduces stuck 70 10000 bagl, brokers
will POSSIBLY d. cover another 5000 bags
that have bean resoll; and we have reason
10 believe that even those second 5000 bags
would no. entirely oover resales, which
sooner or later are to appear as additions to
stock.
According to the San Francisco Bulletin
he last steamer from Hong Kong brought
three consignments Of trade dollars, namely;
~ 90, $40. so, $3.50, or $3.50 10 all. Lately
the chine'e have imported most that have
been received. The last lots we're all con-
sgued 10 Cinnamon. 0ne of those lots was
gathered at Singapore and carried to Hons
Kong on q Chiuese junk for the steamer.
The Chinese Buy Mexican dollars here for Is
cents and tend them q Hons Hong. where
thcy exchange them for trade dollars, whiih
are brousht to this city and turned
into the United Stltes Treasury on
Commercial street for standard dollais.piecc
fer piece. One Of these I'm gorters recen iy
appeared at he win low Of the resolving
teller with lot which he wished
10 exchange for half dollars.
thinking that by that me ans be so7ld return
next day sith the half 90 lars ard demand
geld. but the teller saw through the scheme.
and gave John standard dollars In exchange
for his trade dolla-s. Ihs resumption Of
trade dollau will expire August lst. Thus
far about 1888 ,Ooob have be n redsemod In this
city, and over 81 OO5,0OO for tn, country at
large. There are four more steamers expect
cd before August lst. and each wi probably
bring from 5000 TO $50 900. The passage Of
hi. redemption laN means q loss Of about
G.OeO,0 600 q the covers ment, n portion OF
which goes to enrich the Chinamsn.
IMPORTS.
Forty. three pkgs butter SO rolls tasEing,6 5
pkgs bacon, l42 PIX o. boots and shoes, 900 gu
corn. 50 pkgs dry od.. 90 kgs eggs. So, brls
Sour, 80 b .les hay, 10 pike hats, lU0.lJ feet
lumber, 1876 oh . liquors. $50 bills lime, 100
bbls mnlAass, 800 kegs nails, cars pork
sides, lt6 brlI sugar. 25 pkgs tobacco aud 2iOo
bu wheat.